The Norman Transcript

Homepage

March 20, 2014

Developer countersues over Lake Texoma project

OKLAHOMA CITY — The developer of a planned $750 million resort on Lake Texoma has countersued the Commissioners of the Land Office over the stalled project on former state park land.

Pointe Vista Development LLC alleged this week that the land office breached its contract over the planned four-star resort. In January, the state agency sued Pointe Vista, trying to force the developer to move forward with the project or sell the land back to the state.

Pointe Vista claims the state has held up progress on the development. The developer signed a deal with the land office in 2006 to purchase 758 acres of park land at Lake Texoma for $14.6 million. The sale of an additional 1,022 acres of land known as Area C that Pointe Vista negotiated with the state Tourism Department in 2008 has yet to be finalized because an environmental impact study required by the U.S. Army Corps of Engineers remains unfinished.

In its original lawsuit, the Commissioners of the Land Office alleged that Pointe Vista hadn’t obtained financing for the project or made the necessary utility plans.

In response to the counter suit, Land Office Secretary Harry Birdwell said the state would continue to hold its ground.

Pointe Vista has also asked that the state’s lawsuit be dismissed.

Breaking news, severe weather alerts, AMBER alerts, sports scores from The Norman Transcript are available as text messages right to your phone or mobile device. You decide which type of alerts you want to receive. Find out more or to signup, click here.

1
Text Only | Photo Reprints
Headlines

Sports

Opinion

Features
Must Read

Big 12 Media Days
Video
Traditional African Dishes Teach Healthy Eating The Carbon Trap: US Exports Global Warming 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp
Business
Photos


Facebook